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20121129
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CNN
Nov 26, 2012 11:00pm PST
you're saying go against grover norquist, but you don't want to say it. lindsey graham has said it. they've said they'll allow for more loopholes. you're saying you agree with that, at least now. but not in the long-term, correct? >> yeah, look, i'm saying there are a lot of ways to skin a cat and we need comprehensive tax reform. you have to look at something carefully to decide whether or not you think it is an aggregate tax increase, so it's difficult to define what is or what is not a tax increase. i am against tax increases, but i am in favor of stabilizing our revenue stream. >> okay, but do you have frustration with grover norquist in such an absolutist definition? because if over time, it could mean you're never raising more revenue -- does it frustrate you? >> no. look, my pledge wasn't to any one individual. the pledge that i made was to my constituents, the voters in utah who elected me and found it significant that i was willing to say tax increases are not the answer. we don't have a revenue problem so much as a spending problem in washington. >> thank you very much. w
CNN
Nov 26, 2012 4:00pm PST
know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather than having these peeks and valleys. last year, we had a valley of about 14.5%. other years, closer to 20%. we want a steady, even, 18.5%. >> but to get from 14.5 to 18.5 is not revenue neutral. >> to get to there is not revenue neutral in the immediate sense, but what i'm saying is that if it produces on average 18% of gdp and that's going to keep us constant, that is arguably revenue neutral. in the long run, i think everyone would benefit. it would be revenue p
CNN
Nov 23, 2012 4:00pm PST
modern day pharaoh. a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. season is really adding up. let's go "outfront." -- captions by vitac -- www.vitac.com >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are mept to speed up reform and achieve political and social stability. t >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic
Search Results 0 to 5 of about 6 (some duplicates have been removed)